By Anthony O. Goriainoff

Kerry Group said revenue rose in the first quarter and backed its guidance for the year.

The Irish food technology and ingredients company on Thursday said reported revenue rose 6.3% compared with the year-earlier period.

Volumes grew 3.1%, led by beverage, bakery and snacks end markets, and supported by strong growth in savory taste and its sugar-reduction technologies. Pricing was up 0.2%.

The company said volume at the foodservice division grew 4.7%, driven by new menu innovations, seasonal products as well as solutions to reduce operational cost and complexity.

Kerry said that end-market conditions reflected generally cautious consumer behavior in the period due to the level of macroeconomic uncertainty across different geographies.

The company backed its growth guidance for earnings per share at constant currency of 7% to 11%.

"Against the backdrop of highly dynamic macroeconomic conditions and the continually evolving tariff and global trade landscape, Kerry's extensive local footprint, global sourcing network, and customer-centric business model positions it well to navigate through this period," it said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

May 01, 2025 03:14 ET (07:14 GMT)

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